What are the payment terms for SPayLater?

SPayLater’s Flexible Payment Plans

SPayLater recognizes the importance of financial flexibility, which is why it offers a range of tailored payment plans to suit your needs. Choose from the following options:

• 1-Month Installment Plan: With this option, you can spread your payments over a single month, with no processing fees. This plan is available starting January 18, 2024.

• 3-Month Installment Plan: For purchases that require a slightly longer payment period, the 3-month installment plan provides manageable monthly payments. A processing fee is associated with this plan.

• 6-Month Installment Plan: If you prefer to distribute your payments over a longer timeframe, the 6-month installment plan offers extended flexibility. A processing fee is also applicable for this option.

Customizing Your Payment Plan

SPayLater’s payment plans are designed to provide maximum convenience and control over your finances. You can select the plan that best aligns with your budget and repayment timeframe. Once you have chosen a plan, you will be provided with a clear repayment schedule outlining the due dates and amounts for each installment.

Processing Fees

Please note that the 3-month and 6-month installment plans are subject to processing fees. These fees are designed to cover the administrative costs associated with managing these extended payment periods. The specific fee amounts will be disclosed to you prior to finalizing your payment plan.

Simplicity and Transparency

SPayLater believes in transparency and simplicity in its payment terms. By offering clear and flexible options, it empowers you to make informed decisions about your finances. Whether you opt for the new 1-month plan or choose one of the installment plans, you can rest assured that your payments will be manageable and aligned with your repayment capabilities.